| SML Stock | | | 0.01 0.00 0.00% |
Southstone Minerals financial indicator trend analysis is much more than just breaking down Southstone Minerals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Southstone Minerals is a good investment. Please check the relationship between Southstone Minerals Income Before Tax and its Ebitda accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Southstone Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Income Before Tax vs Ebitda
Income Before Tax vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Southstone Minerals Income Before Tax account and
Ebitda. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Southstone Minerals' Income Before Tax and Ebitda is 0.92. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebitda in the same time period over historical financial statements of Southstone Minerals, assuming nothing else is changed. The correlation between historical values of Southstone Minerals' Income Before Tax and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Southstone Minerals are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Income Before Tax i.e., Southstone Minerals' Income Before Tax and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Southstone Minerals income statement and is an important metric when analyzing Southstone Minerals profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Ebitda
Most indicators from Southstone Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Southstone Minerals current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Southstone Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tax Provision is likely to drop to about 26.2
K in 2024.
Discontinued Operations is likely to drop to about 210.7
K in 2024
Southstone Minerals fundamental ratios Correlations
Click cells to compare fundamentals
Southstone Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Southstone Minerals fundamental ratios Accounts
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Additional Tools for Southstone Stock Analysis
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predict the probability of Southstone Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southstone Minerals' price. Additionally, you may evaluate how the addition of Southstone Minerals to your portfolios can decrease your overall portfolio volatility.